{"id":33897,"date":"2026-07-05T16:08:08","date_gmt":"2026-07-05T16:08:08","guid":{"rendered":"https:\/\/bitunikey.com\/news\/lummis-says-clarity-act-can-reshape-u-s-crypto-finance\/"},"modified":"2026-07-05T16:08:18","modified_gmt":"2026-07-05T16:08:18","slug":"lummis-says-clarity-act-can-reshape-u-s-crypto-finance","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/lummis-says-clarity-act-can-reshape-u-s-crypto-finance\/","title":{"rendered":"Lummis says CLARITY Act can reshape U.S. crypto finance"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\"><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.lummis.senate.gov\/\" target=\"_blank\" rel=\"nofollow\">Senator Cynthia Lummis<\/a> has renewed her call for lawmakers to advance the CLARITY Act, a bill aimed at setting clearer rules for digital asset markets in the United States. A post shared by CryptoGoos cited Lummis as saying the bill would \u201clay the foundation for the financial services of the 21st century.\u201d<\/p>\n<div id=\"cn-block-summary-block_ccdf92d7f96b53508e823c2ecc5d6048\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Lummis says the CLARITY Act can modernize finance, but Senate timing remains the main hurdle.<\/li>\n<li>Crypto.news says the bill cleared key steps but still needs a full Senate floor vote.<\/li>\n<li>The bill would split crypto oversight between SEC and CFTC while adding exchange safeguards.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>Lummis also said, \u201cThe Clarity Act is this generation\u2019s contribution to that legacy. Let\u2019s finish the job.\u201d Her comments came as lawmakers faced a narrow window to move the bill forward before the August recess.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-x wp-block-embed-x\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">\ud83c\uddfa\ud83c\uddf8 Senator Lummis says the CLARITY Act will &#8220;lay the foundation for the financial services of the 21st century.&#8221; <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/t.co\/7ywzQlZxxr\">pic.twitter.com\/7ywzQlZxxr<\/a><\/p>\n<p>\u2014 CryptoGoos (@cryptogoos) <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/x.com\/cryptogoos\/status\/2073787988807409697?ref_src=twsrc%5Etfw\">July 5, 2026<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>The bill seeks to define how digital assets should be treated under U.S. law. It also aims to reduce the long-running dispute between regulators over which agency should oversee crypto trading activity.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\"><strong>Senate timing becomes key<\/strong><\/h2>\n<p>The CLARITY Act has already passed the House and cleared the Senate Banking Committee. It now needs a full Senate vote before it can move closer to becoming law.<\/p>\n<p>Timing remains one of the main challenges. If the Senate does not act before the August recess, the bill\u2019s path could move into 2027. That makes July an important month for digital asset policy in Washington.<\/p>\n<p>Lummis has also opened a final review window for updated bill text. A recent report said the revised version was expected around July 4, giving lawmakers and industry groups one more chance to review changes before a possible floor push.<\/p>\n<p>The bill still faces debate over stablecoin yield products, ethics rules and decentralized finance oversight. Those issues matter because Senate leaders need enough support to move the bill through a divided chamber.<\/p>\n<h2 class=\"wp-block-heading\"><strong>SEC and CFTC roles would change<\/strong><\/h2>\n<p>The CLARITY Act would create a clearer split between the Securities and Exchange Commission and the Commodity Futures Trading Commission. A plain-language explainer said the bill would define when a token is treated as a security and when it is treated as a commodity.<\/p>\n<p>Under the bill, the SEC would keep oversight of investment contract assets. The CFTC would take a larger role in digital commodity spot markets, including some exchange activity.<\/p>\n<p>The bill would also set rules for trading platforms, brokers and crypto exchanges. These rules include separating customer assets from company funds, a measure meant to reduce risks seen in past exchange failures.<\/p>\n<p>Supporters say the bill could replace enforcement-led policy with a written rulebook. Critics continue to question whether the text gives enough protection to users and enough detail for decentralized finance.<\/p>\n<h2 class=\"wp-block-heading\"><strong>Fraud funding remains part of the bill<\/strong><\/h2>\n<p>The bill also includes enforcement funding. A separate report said the CLARITY Act would set aside $150 million for crypto fraud investigations.<\/p>\n<p>Lummis said the money would help agencies \u201ctrack down scammers and bad actors in the digital asset space.\u201d The provision may help lawmakers who want stronger fraud controls alongside market rules.<\/p>\n<p>The bill would also bring some digital asset firms under Bank Secrecy Act duties. That could increase reporting standards for platforms that handle customer assets and transactions.<\/p>\n<p>For now, the CLARITY Act remains close to a Senate test but has not become law. Lummis is pressing lawmakers to move forward, while crypto firms, banks and policy groups wait for the final text and the next vote.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Senator Cynthia Lummis has renewed her call for lawmakers to advance the CLARITY Act, a bill aimed at setting clearer rules for digital asset markets in the United States. A&hellip;<\/p>\n","protected":false},"author":1,"featured_media":28825,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-33897","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/33897","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=33897"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/33897\/revisions"}],"predecessor-version":[{"id":33898,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/33897\/revisions\/33898"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/28825"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=33897"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=33897"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=33897"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}